1917 W Glendale Ave

Highlights:

• 2 Story Multitenant Office/Retail Building for Sale in North Central Phoenix
• Exterior Loaded Suite Entry
• C-2 Zoning Allowing for General Commercial and Office/Medical Tenancy
• Potential Adaptive Reuse or Repurposing Opportunity
• Significant Upside for Cap Ex and Future Rent Growth (75% Vacancy)
• Densely Populated with More Than 450,000 Residents in 5 Mile Radius
• Located Adjacent to 19th Ave and Glendale Ave Light Rail Stop
• Over 40,000 VPD Along Glendale Ave

Description:

SVN Desert Commercial Advisors is pleased to present for sale a multitenant, 16-unit office/retail building in North Central Phoenix. There is a significant upside for an investor to budget for interior suite, parking lot, and exterior capital expenditures while increasing occupancy. There is also ample opportunity to increase cash flow by boosting tenancy, raising rents, and structuring longer term leases for qualified tenants. Additionally, there is an opportunity to expand suites to make larger floorplates for qualified tenants.

The subject property is located along Glendale Ave, east of the I-17 Freeway in North Central Phoenix. This densely populated, heavily trafficked area has nearly 450,000 residents living within 5 miles. This stretch of Glendale Ave sees over 40,000 vehicles per day. Situated next to a Light Rail stop, there are numerous retail businesses nearby. Christown Spectrum Mall which is being redeveloped in multiple phases, which includes 760 apartment units for Phase I.

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